County earns 1.49% interest rate – lowest on record - in last sale from 2016 bond referendum
Henrico County has sold its last set of general-obligation bonds to support capital-improvement projects identified in the 2016 bond referendum.
With the $121.4 million sale on June 16, the county had its triple AAA bond ratings reaffirmed and earned its lowest interest rate on record, 1.49% for the 20-year bonds.
“This interest rate is significantly better than our previous low rate of 1.96% from last August and it validates Henrico’s reputation for strong fiscal management, even in challenging times,” County Manager John A. Vithoulkas said. “Along with the reaffirmation of our triple AAA bond ratings, this low interest rate will allow us to provide our residents with new and improved facilities while saving millions of dollars in costs over the next two decades.”Continue reading Henrico’s triple AAA bond rating reaffirmed, despite economic slowdown
Construction has begun on a new J.R. Tucker High School and a new Highland Springs High School, a pair of ambitious projects that will deliver modern, state-of-the-art facilities to replace two of Henrico County’s oldest high schools.
County government and school officials commemorated the start of work at twin ground-breaking ceremonies held Nov. 1 with students, staff and other guests.Continue reading Work starts on new Tucker, Highland Springs
The Board of Supervisors at its June 25 regular meeting approved plans to replace two of Henrico County’s oldest public high schools with modern facilities that will serve the community long term. Construction is expected to start this fall on the new Highland Springs and J.R. Tucker high schools.Continue reading Plans for new Highland Springs, Tucker high schools advance toward construction